Author: Albert Savana

The project is unprecedented in scope: to simultaneously introduce Dangote Petroleum Refinery and Petrochemicals on several African financial markets. Behind the announcement, a clear strategic ambition led by Aliko Dangote: to transform a colossal industrial asset into continental market value, while attracting African savings to a local energy champion. The framework is already in place....

For the fiscal year 2025, Ecobank Côte d’Ivoire, a subsidiary of the pan-African banking group of the same name, will pay its shareholders a gross total dividend of 48.884 billion FCFA (87.991 million dollars) on May 22, 2026, according to one of the resolutions proposed by the Board of Directors of this banking institution at the Ordinary General Meeting of April 28, 2026. Based on the 55,050,600 shares that make up the bank’s share capital, the gross dividend per share is 888 FCFA. The company will deduct from this gross dividend, in accordance with Ivorian tax legislation, a 12% tax…

Direct negotiations between the United States and Iran, concluded in the early hours of Sunday, April 12 in Islamabad, ended in failure after 21 hours of continuous discussions, plunging the markets back into uncertainty. These talks were the first official face-to-face meeting in over ten years and the highest level of bilateral dialogue since the...

At the end of the 2026 Global Portfolio Review of projects funded by the World Bank Group in Guinea, the assessment is unambiguous: Guinean authorities are consolidating their credibility in the management of international financing. At the heart of this dynamic is the Minister of Economy, Finance, and Budget, Mariama Ciré Sylla, whose methodical action...

The 2025 fiscal year of Afreximbank marks a spectacular increase in scale with total assets and contingent liabilities reaching $48.5 billion, a 21% increase, confirming a structural growth trajectory and a clear ambition to lead in trade finance and economic transformation on the continent. This expansion is based on a sustained increase in net loans...

The Democratic Republic of Congo has just reached a new milestone on the international markets. In a statement released on April 9, 2026, Rawbank announced the success of the issuance of the DRC’s very first sovereign eurobond, for a total amount of $1.25 billion, in which the Congolese bank acted as Joint Global Coordinator alongside...

“In March 2026, the inflation rate in Tunisia remained stable at 5% compared to the previous month, according to data from the National Institute of Statistics (INS) based in Tunis. “This rate is mainly explained by the acceleration of the price increase of the Food group (6.8% in March 2026 compared to 6.7% in February 2026), as well as the prices of the group Services of restaurants, cafes and hotels (6.2% in March 2026 compared to 5.6% in February 2026) and the group Transport services (2.8% in March 2026 compared to 2.1% in February 2026),” said the INS. However, a…

“The consolidated profit of the Dari Couspate group, specialized in the production and commercialization of couscous and pasta, recorded a 20% increase at the end of the 2025 fiscal year compared to 2024, announced the leaders of this company based in the Rabat-Salé region, 99 km from Casablanca.” “This announcement follows the Board of Directors meeting on March 23, 2026 to review and finalize the social and consolidated accounts of the group for the year 2025.” “The consolidated profit amounted to 52.395 million dirhams (5.763 million dollars) compared to 43.66 million dirhams (4.802 million dollars) on December 31, 2024.” “As…

The exercise was meant to be inaugural. It is mainly a signal. Held on Thursday, April 2, 2026 at the 2 Février hotel in Lomé, the first “Country Risk – Togo” conference by Bloomfield Investment delivered an uncompromising diagnosis: a dynamic, reforming economy, but still structurally dependent. The score of 5.9 out of 10 –...

Two major events dedicated to African energy scheduled for almost simultaneous dates in Europe in May 2026, and tensions are in the air. The “Invest in African Energy” forum, organized within the African Energy Chamber, will be held in Paris on May 11 and 12, 2026. The “Africa Energies” summit, led by the British platform...

On this April 6, the commemoration date of the 1994 genocide against the Tutsis, Rwanda appears, more than three decades after the tragedy, as one of the most closely watched economic laboratories on the continent. Since the early 2000s, the “Land of a Thousand Hills” has shown an average growth rate ranging between 7% and...

As of Friday, April 3, 2026, the hierarchy of banking performances on the Regional Stock Exchange of Abidjan (BRVM) over the past year places Oragroup (+52%), BOA Burkina Faso (+49%) and Ecobank Transnational Incorporated (+47%) at the top of the sector’s performances. This ranking is based on price variations which, in the specific context of the BRVM, must be correlated with trading volumes and, ultimately, the liquidity of the securities in question. Indeed, price formation on the regional market of the West African Economic and Monetary Union (UEMOA) is largely influenced by occasional, sometimes shallow transactions, which can mechanically amplify…

The State of Togo, through its Treasury, raised an amount of 33 billion CFA francs (59.4 million dollars) on the West African Monetary Union (UMOA) financial market on Friday, April 3, 2026, through a simultaneous auction of Treasury bills (BAT) with a maturity of 364 days and Treasury bonds (OAT) with maturities of 3.5 and...

Contrary to the 2024 financial year where they received a net dividend per share of 209.25 CFA francs (0.376 dollars), shareholders of Bank Of Africa (BOA) Niger, a member of the BOA banking group, will be deprived of dividends for the 2025 financial year due to the difficult financial situation of this bank based in Niamey. According to one of the resolutions that will be presented by the Board of Directors at the Ordinary General Meeting (OGM) of shareholders on April 3, 2026, the financial year ending on December 31, 2025 resulted in a net profit of 409.269 million CFA…

For the financial year 2025, Bank Of Africa (BOA) Ivory Coast, a member of the Moroccan banking group BMCE Bank, will pay its shareholders a total gross dividend of 27.022 billion CFA francs (48.640 million dollars) starting from May 6, 2026, according to a resolution proposed by the Board of Directors at the Ordinary General Meeting of Shareholders scheduled for April 15, 2026. Based on the 40 million shares that make up the bank’s share capital, the gross dividend per share amounts to 675.55 CFA francs. In accordance with Ivorian tax legislation, a 12% tax on securities income (IRVM) will…

How much will the coup in Niger cost? This is the current question on April 2, when theoretically the mandate of President Mohamed Bazoum, who was overthrown on July 26, 2023, by a coup led by General Abdourahamane Tiani, comes to an end. The numbers are staggering. The first shock is immediate and external. According...

The consolidated profit of Taqa Morocco, a subsidiary of the Abu Dhabi National Energy Company and the leading private electricity producer in Morocco, recorded a 7% decrease at the end of the 2025 fiscal year compared to the same period in 2024, announced the leaders of this company based in El Jadida, a coastal city located 96 km from Casablanca. This announcement follows the meeting of the company’s board of directors on March 24, 2026 to finalize the social and consolidated accounts as of December 31, 2025. The consolidated profit stood at 981 million dirhams (108 million dollars) compared to…

The jobs of decentralized financial systems (DFS) of the West African Monetary Union (UMOA) covered by Article 44 of the law regulating DFS (activity level reaching a threshold of 2 billion CFA francs in deposits and loans) increased by 10.3% at the end of 2024 compared to 2023, reaching 2,813.1 billion CFA francs (5.063 billion dollars), according to data from the General Secretariat of the Banking Commission, the community supervisory body based in Abidjan. These jobs consist of loans (short, medium, and long-term loans, leasing operations) and other assets (investment securities, financial assets, other assets, and miscellaneous). According to the…

Dakar, March 29, 2026 — The State of Senegal successfully completed its first Public Offering (APE) of the year 2026, raising a total of 304.15 billion CFA francs, against an initial target of 200 billion CFA francs, representing a coverage rate of 152%. The operation, launched on February 26, 2026, was closed on March 26,...

Standard & Poor’s maintains Ghana’s sovereign rating at “B-/B” with a stable outlook, recognizing the gradual recovery of the economy after the 2022 debt crisis. This decision, announced on March 27, 2026, reflects both a tangible improvement in macroeconomic fundamentals and a better-controlled budget trajectory. The agency highlights robust economic growth, supported notably by strong...

On Friday, March 27, 2026, marking the official opening of the presidential campaign in Benin, candidate Romuald Wadagni chose the department of Alibori to lay the groundwork for his societal project. Through a series of meetings in Kandi, Banikoara, and Ségbana, the former Minister of Economy and Finance articulated his vision around three strategic pillars: the transformation of the agricultural production system, social protection, and better access to regional markets. The stated objective is to make Northern Benin a true logistical and commercial hub for the West African market. An agricultural revolution backed by social protection Alibori, considered the granary…

In a report dated March 27, 2026, S&P Global Ratings reaffirms Morocco’s rating of “BBB-/A-3” with a stable outlook, despite risks related to conflict in the Middle East. The agency believes that the kingdom’s economy has strong fundamentals and sufficient resilience to absorb external shocks, including rising energy prices, trade disruptions, and a slowdown in...

At the end of an auction of Treasury bills (BAT) with a maturity of 364 days as well as Treasury bonds (OAT) with maturities of 3, 5, and 7 years, the State of Senegal, through its Public Treasury, raised an amount of 55 billion CFA francs (99 million dollars) on the financial market of the...

For the fiscal year 2025, Palm Côte d’Ivoire, specialized in the production and commercialization of crude palm oil and its derivatives, will pay its shareholders a total gross dividend of 7.754 billion FCFA (13.957 million dollars), according to one of the resolutions of the Board of Directors that will be proposed at the Annual General...

At the forefront for two years, Senegal’s Minister of Finance, Cheikh Diba, is working to maintain a delicate balance: preserving the country’s financial credibility in a turbulent international environment, while financing an ambitious economic transformation trajectory. In the face of facts, Dakar continues to defy predictions. The “spotless” settlement of the March 13 deadline is...

At the end of a simultaneous auction of Treasury assimilable bills (BAT) with a maturity of 364 days and Treasury assimilable bonds (OAT) with maturities of 3, 5, and 7 years organized on Wednesday, March 25, 2026, Burkina Faso raised 76.999 billion CFA francs (138.598 million dollars) from investors in the West African Monetary Union...

For the 2025 fiscal year, Bank Of Africa (BOA) Mali, a subsidiary of the BOA banking group, will pay its shareholders a gross total dividend of 9.003 billion CFA francs (16.206 million dollars) starting from May 31, 2026, according to one of the resolutions proposed by the Board of Directors at the Ordinary General Meeting (OGM) on April 14, 2026 of this banking establishment based in Bamako. Based on the 27,450,000 shares that make up the bank’s share capital, the gross dividend per share amounts to 328 CFA francs. After the payment of the securities income tax (IRVM) at a…

The State of Ivory Coast, through its Public Treasury, raised a total amount of 87.999 billion CFA francs (158.398 million dollars) on the West African Monetary Union (UMOA) financial market on Tuesday, March 24, 2026, through the issuance of Treasury Bills (BAT) with a maturity of 364 days and Treasury Bonds (OAT) with maturities of...

The Guinea Bissau Public Treasury successfully collected on March 23, 2026, in the West African Monetary Union (WAMU) financial market, an amount of 15 billion CFA francs (27 million dollars) through a simultaneous auction of Treasury Bills (BAT) with a maturity of 364 days and Treasury Bonds (OAT) with a maturity of 3 years. The...

At the end of its meeting on March 13, 2026, the Board of Directors of Assurances Maghrébia S.A, founded in 1973 and whose purpose is to carry out all insurance and reinsurance operations in Tunisia and abroad, proposed to the Ordinary General Meeting (AGM) of May 15, 2026 the distribution of a total dividend of 13.050 million dinars (4.437 million dollars), announced the leaders of this company based in Tunis. Based on the 4,500,000 shares that make up the company’s share capital, the dividend per share amounts to 2.900 dinars payable from June 8, 2026. The financial statements of the…